THE MARTIN RESIDENTIAL TRUST (A company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Truslees present their annual report together wth the audited financial statements of the Company for the 1 January 2023 to 31 December 2023. The Annual report serves the purposes of both a Trustees, report and a directors, report under company law. The Trustees confimi that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the Charitable Company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). Since the Company qualffies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013 has been omitted. Structure, govemance and management a. Constitution The Martin Residential Trust is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 15th November 1999. The charitable company is a registered charity with the Charity Commission in Northern Ireland under number NIC101830 and is recognised as a charity by HMRC, number XN79517. b. Methods of appointment or election of Trustees As required on an ad hoc basis the board members discuss the appointment of potential new members for appointment to the board. Suitable people are approached and if they are wlling to serve on the board, their nomination is put forward for approval by the board. There is no maximum temi of offi. . Organisational structure and decision4naking policies The board is responsible for the review of all activities and approval of future strategy. Meetings of the board are held a minimum of three times per annum. The general manager is responsible for all day to day matters. d. Financial risk management The Trustees have assessed the major risks to which the Company is exposed, in particular those related to the operations and finances of the Company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks. Plans for fvture periods The company intends to build a small facility for the benefit of profoundly disabled people at some point in the future, and have invested designated funds for this purpose. At the moment there are no definite plans or ommitments in place to build this new unit Objectives and activities a. Policies and objectives The objectives of the company continued to be that of providing loving care to people wth profound learning disabilities, which is achieved through the running of a care facdity in Glengormley. Page 2
THE MARTIN RESIDENTIAL TRUST (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Objectives and activities (continued) b. Strategies for achieving objectives The Martin Residential Trust provides 24 hour nursing care and support to people wth profound and in many cases multiple physical disabilities at our care facility in Glengormley. We are experienced in supporting people who have conditions such as epilepsy, Alzheimerfs disease, autistic spectrum disorder, Down's syndrome, cerebral palsy, dysphasia and musculoskeletal disorders. c. Activities undertaken to achieve objectives Within the Martin Residential Trust. we are able to provide a safe, supportive and caring environment for vulnerable people. There is always a qualified nurse on duty and W provide a high level of staffing in order that we can appropriately support people who have CoMeX needs. We have suitable facilities to assist people who have physical disabilities, induding overhead hoists and acSsible transport. We also support people to take part in a full activity programme that is suited to their individual needs. Activities can range from arts and crafts, ookery, sensory activities, hydrotherapy sessions and physiotherapy and the person's activity plan is suited to their assessed individual needs. Our wide range of facilities and our breadth of experience mean that we are able to be very responsive to changes in a persons needs or health. d. Public benefit declaration The direct public benefit which flows from our purpose is the provision of accommodation and nursing care for people living in Northern Ireland who have profound learning disabilities. e. Main activities undertaken to further the Company's purposes for the public benefit The provision of 24 hour nursing care and support to those people living in Northem Ireland throughout the year who have profound leaming disabilrties is of direct benefit to the public. These benefits can be demonstrated through, feedback from users and their relatives, nursing and medical assessment of health outcomes, and independent evaluation by regulatory bodies. In providing nursing care there is a risk associated wth administering prescribed medical treatments such as medicines aimed at treating health conditions. These risks are medically assessed and are Ouelghed by the benefits to the service user. Those administering or working for the organisations may incidentally benefit from our purpose if their relative receives nursing care. In such cases the relative must fulfill the requirements of admission and wll not receive preferential treatmenL Achievements and performance Review of activities During the year we continued to provide 24-hour nursing care to 18 people wth profound disabilities, all of 0M reside pemianenlty wthin the Home. Many of our Residents have lived in the Martin Trust for 20+ years and we were pleased to welcome 2 new Residents into the Home during 2023. Staff levels remained very stable, only 3 new employees recruited to fill vacancies for a few staff who left for other career opportunities. The Home employed an average of 61 people throughout the year with no changes thin Management or Director positions. The Home continued to work with the local Health Trusts and RQIA to meet our objectives and received positive feedback from inspections throughout the year. The results for the year are set out in the attached financial statements that show a surplus of £40,310 {2022'. deficit £42,958). The results and the financial position were considered satisfactory by the Trustees. Page 3
THE MARTIN RESIDENTIAL TRUST (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Financial review . Going concern After making appropriate enquiries. the Trustees have a reasonable expectation that the Charity has adequate resources to continue is operational existence for the foreseeable future. For this reason, they continue to adopt the going concem basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies in note 2. b. Reserves policy It is the policy of the charity that unrestricted general funds which have not been designated for specrfic use should be maintained at a level equivalent to belween three and six month's expenditure. The Trustees consider that reserves at this level wll ensure that, in the event of a significant drop in funding, they will be able to continue the company's current activities lIe consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The Trustees have designated funds of £2.2million for the property and for future capital projects. c. Principal funding The company's primary source of funding continued to be from local Health Trusts. Members. liability The Members of the Company guarantee to contribute an amount not exceeding £1 to the assets of the Company in the event of winding up. Statement of Trustees. responsibilities The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial ststements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistenlJy- observe the methods and principles of the Charities SORP {FRS 102)., make judgments and accounting estimates that are reasonable and prudent., state whether applicable UK Accounting Standards (FRS 102) have been followed. subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concem basis unless it is inappropriate to presume that the Company wll continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose wth reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply wth the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 4
THE MARTIN RESIDENTIAL TRUST (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Disclosure of infomiation to auditors Each of the persons who are Trustees at the time bthen this Trustees, report is approved has confirmed that: so far as that Trustee is aware, there is no relevant audit information of vthich the charity's auditors are unaware, and that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charity's auditors are aware of that information. Auditors The auditors, UHY Hacker Young Fitch Limited, have indicated their yll1ngness to continue in office. The designated Trustees wll propose a motion reappointing the auditors at a meeting of the Trustees. Approved by order of the members of the board of Trustees on ?1 A..]Irj ?If4 and signed on their behalf by: /Y /qEa Nigel McFarfand (Trustee) Lisa McFarfand (Trustee) Page 5